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A powerful manager does not delegate decision authority to subordinates.
Natural Resource
Materials or substances occurring in nature that can be exploited for economic gain, such as minerals, forests, and water.
Balance Sheet
A financial statement summarizing a company's assets, liabilities, and equity at a specific point in time.
Cost Of The Resource
The total financial investment required to acquire, maintain, and operate a resource over its useful life.
Depletion
The allocation of the cost of natural resources over their useful life, reflecting the consumption of the resource.
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